Lbp Am Sa Has $869,000 Stock Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

LBP AM SA boosted its position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 62.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,603 shares of the company's stock after buying an additional 44,737 shares during the quarter. LBP AM SA owned 0.07% of Intuitive Machines worth $869,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LUNR. Two Sigma Investments LP acquired a new position in Intuitive Machines in the 4th quarter worth $33,255,000. D. E. Shaw & Co. Inc. raised its stake in Intuitive Machines by 3,991.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company's stock worth $21,102,000 after acquiring an additional 1,133,581 shares during the period. Vanguard Group Inc. increased its stake in shares of Intuitive Machines by 33.6% in the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock valued at $73,503,000 after purchasing an additional 1,017,706 shares during the period. Renaissance Technologies LLC increased its stake in shares of Intuitive Machines by 99.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock valued at $22,170,000 after purchasing an additional 609,118 shares during the period. Finally, Driehaus Capital Management LLC acquired a new position in shares of Intuitive Machines during the fourth quarter valued at approximately $9,133,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Insider Activity

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the transaction, the director owned 3,494,768 shares in the company, valued at $42,286,692.80. This represents a 4.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Peter Mcgrath sold 72,168 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $12.00, for a total transaction of $866,016.00. Following the transaction, the chief financial officer owned 366,824 shares in the company, valued at approximately $4,401,888. The trade was a 16.44% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 311,344 shares of company stock worth $3,591,223. Insiders own 39.75% of the company's stock.

Intuitive Machines Price Performance

NASDAQ:LUNR traded up $0.21 on Monday, hitting $11.07. 5,536,459 shares of the company's stock were exchanged, compared to its average volume of 13,008,018. The firm has a 50-day moving average price of $10.87 and a 200-day moving average price of $12.74. The company has a market cap of $1.98 billion, a P/E ratio of -4.05 and a beta of 1.41. Intuitive Machines, Inc. has a 52 week low of $3.15 and a 52 week high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The firm had revenue of $62.52 million for the quarter, compared to the consensus estimate of $66.07 million. On average, research analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on LUNR shares. B. Riley restated a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Barclays assumed coverage on Intuitive Machines in a report on Thursday, May 22nd. They set a "neutral" rating on the stock. Roth Capital reaffirmed a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, May 13th. Benchmark reissued a "buy" rating and set a $16.00 target price on shares of Intuitive Machines in a research report on Tuesday, March 25th. Finally, Canaccord Genuity Group raised their price target on shares of Intuitive Machines from $21.00 to $21.50 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Intuitive Machines has a consensus rating of "Moderate Buy" and an average target price of $16.06.

About Intuitive Machines

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.